SUN Insurance Company Ltd has announced a substantial increase in its net profit before tax for the financial year ending December 31, 2025, reporting $16.88 million. This marks an impressive 101% rise from the previous year’s profit of $8.35 million, underscoring the effectiveness of the company’s operational strategies and customer-focused initiatives.
The company attributed this growth to significant increases in gross premiums, which reached $54.34 million, representing an 18% increase. This achievement is credited to enhanced customer acquisition efforts, expansion into new markets, and a diverse range of product offerings. Board chairman Padam Lala emphasized the company’s dedication to excellence and innovation, noting, “We have successfully launched new products tailored to evolving market needs, and our expanded distribution channels have allowed us to serve a broader customer base.” He expressed pride in the accomplishments of the entire team throughout the year.
In addition to its strong financial performance, Sun Insurance’s shares on the South Pacific Stock Exchange (SPX) rose by 20.3% over the year. As of December 31, 2025, the company’s market capitalization stood at approximately $306 million, with a share price of $2.55. Throughout the fiscal year, Sun Insurance distributed a total of $6.12 million in dividends to over 550 shareholders, reflecting its commitment to returning value to its investors.
The company issued more than 5,600 new policies and successfully settled over 3,700 claims during FY2025. Principal officer Avikash Ram highlighted the importance of a streamlined claims process, ensuring customers receive timely and fair settlements. “We believe that providing peace of mind and financial security is not just our duty but our privilege,” he remarked.
Furthermore, Sun Insurance reported a robust asset base of $144 million, showing a 6% increase, while its property portfolio soared by 38% to $75 million. Looking ahead, the company aims to expand its product portfolio and utilize emerging technologies, such as artificial intelligence and data analytics, to improve risk assessment and customer service. This forward-thinking approach is expected to make insurance more accessible, affordable, and personalized for all customers.
As of the latest update, Sun Insurance’s shares were trading at $2.54 on the SPX, reflecting continued investor confidence in the company’s promising trajectory.
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